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TITLE 74: PUBLIC FINANCE
PART 1100 ILLINOIS FINANCE AUTHORITY

TITLE 74: PUBLIC FINANCE
CHAPTER VIII: ILLINOIS FINANCE AUTHORITY
PART 1100 ILLINOIS FINANCE AUTHORITY

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SUBPART A: ILLINOIS FINANCE AUTHORITY

Section 1100.50 Definitions

Section 1100.100 Composition, Appointment and Terms of Office

Section 1100.105 Board Chairman

Section 1100.110 Executive Director

Section 1100.115 Meetings

Section 1100.120 Records and Reports

Section 1100.125 Public Participation

Section 1100.130 Rulemaking Procedures

Section 1100.135 Purchasing Rules and Regulations

Section 1100.140 Seal

Section 1100.145 Principal Office

Section 1100.150 Revision

Section 1100.155 Construction; Waiver; Severability

SUBPART B: FINANCING PROGRAMS

Section 1100.200 Summary and Purpose

Section 1100.202 Definitions

Section 1100.204 Application Forms

Section 1100.206 Notice to Municipalities

Section 1100.208 Changes in Information and Additional Information

Section 1100.210 Meetings of the Authority

Section 1100.212 Eligible Projects

Section 1100.215 Scheduling of Project Consideration

Section 1100.220 Staff Review

Section 1100.225 Authority Action

Section 1100.230 General Criteria for Approval

Section 1100.235 Additional Criteria for Commercial Projects

Section 1100.240 Submission of Documents

Section 1100.245 Public Hearing Procedures and Responsibilities

Section 1100.250 Final Public Approval

Section 1100.255 Requests for Allocation

Section 1100.260 Amendatory Resolutions

Section 1100.265 Bond Counsel on Pooled Bond Issues

Section 1100.270 Program Requirements; Standardized Documents

Section 1100.275 Transcripts

Section 1100.280 Authority Fees

Section 1100.285 Noncompliance and Waiver

SUBPART C: VETERANS ASSISTANCE

Section 1100.300 Purposes and Objectives; Compliance with Federal Law; Forms for Program

Section 1100.305 Applicant Eligibility

Section 1100.310 Pre-Filing Stage

Section 1100.315 Filing of Application

Section 1100.320 Approval of Application

Section 1100.325 Denial of Application

Section 1100.330 Priority of Application

Section 1100.335 Source of Payment and Nature of Obligation

Section 1100.340 Fees

Section 1100.345 Purchase of Governmental Unit Bonds

SUBPART D: ILLINOIS DEVELOPMENT ACTION GRANT PROGRAM

Section 1100.400 Purpose; Definitions; Incorporation by Reference

Section 1100.405 Eligible Applicants; Eligible Projects

Section 1100.410 Municipal Approval

Section 1100.415 Application Requirements

Section 1100.420 Technical Assistance

Section 1100.425 On-Site Inspection

Section 1100.430 Selection Criteria

Section 1100.435 Deadlines

Section 1100.440 Funding Restrictions and Eligible Costs

Section 1100.445 Grant Agreement

Section 1100.450 Disbursement of Grants

Section 1100.455 Recordkeeping and Access to Information

Section 1100.460 Progress Reports

Section 1100.465 Audit Requirements

Section 1100.470 Grant Monitoring and Recovery

Section 1100.475 Project Completion Notice

SUBPART E: ILLINOIS HOUSING PARTNERSHIP PROGRAM

Section 1100.500 Purpose; Definitions; Incorporation by Reference

Section 1100.505 Eligible Applicants; Eligible Projects

Section 1100.510 Municipal Approval

Section 1100.515 Application Requirements

Section 1100.520 On-Site Inspection

Section 1100.525 Selection Criteria

Section 1100.530 Deadlines

Section 1100.535 Funding Restrictions and Eligible Costs

Section 1100.540 Loan Agreement

Section 1100.545 Disbursement and Repayment of Loans

Section 1100.550 Loan Terms

Section 1100.555 Recordkeeping and Access to Information

Section 1100.560 Progress Reports

Section 1100.565 Audit Requirements

Section 1100.570 Loan Monitoring and Recovery

Section 1100.575 Project Completion Notice

SUBPART F: LOAN PARTICIPATION PROGRAM

Section 1100.600 Introduction

Section 1100.610 Who May Apply for Financing

Section 1100.620 Types of Educational and Cultural Facilities that Can Be Financed

Section 1100.630 Types of Costs that Can Be Financed: Outstanding Debt

Section 1100.640 Application Guidelines

Section 1100.650 Interest Rate on the Authority's Bonds

Section 1100.660 Method of Financing

Section 1100.670 Length of Bond Issue

Section 1100.680 Type of Bond Issue

Section 1100.690 Fees

SUBPART G: FARM DEVELOPMENT PROGRAM

Section 1100.700 Definitions

Section 1100.705 Rules and Guidelines Applicable to Bond Programs under this Subpart

Section 1100.710 Bond Programs and Rules Applicable to Each

Section 1100.715 Rules and Guidelines Applicable to the Interest Buy Down Program

Section 1100.720 Rules and Guidelines Applicable to the Young Farmer Guarantee Program

Section 1100.725 Rules and Guidelines Applicable to the State Guarantee Program for Restructuring Agricultural Debt

Section 1100.730 Rules and Guidelines Applicable to the Specialized Livestock Guarantee Program

Section 1100.735 Rules and Guidelines Applicable to the State Guarantee Program for Agri-Industries

SUBPART H: FIRE TRUCK REVOLVING LOAN PROGRAM

Section 1100.800 Definitions

Section 1100.803 Severability

Section 1100.805 Purpose

Section 1100.810 Eligible Expenditures

Section 1100.815 Loan Application Review

Section 1100.817 Funding Criteria and Credit Review Process

Section 1100.820 Loan Documents and Servicing

Section 1100.825 Repayment Procedures

Section 1100.830 Terms and Conditions of Loan Agreement

SUBPART I: AMBULANCE REVOLVING LOAN PROGRAM

Section 1100.900 Definitions

Section 1100.903 Severability

Section 1100.905 Purpose

Section 1100.910 Eligible Expenditures

Section 1100.915 Loan Application Review

Section 1100.917 Funding Criteria and Credit Review Process

Section 1100.920 Loan Documents and Servicing

Section 1100.925 Repayment Procedures

Section 1100.930 Terms and Conditions of Loan Agreement

SUBPART J: FIRE SPRINKLER DORMITORY REVOLVING LOAN PROGRAM

Section 1100.1000 Definitions

Section 1100.1005 Purpose

Section 1100.1010 Eligible Expenditures

Section 1100.1015 Loan Application Review

Section 1100.1017 Funding Criteria and Credit Review Process

Section 1100.1020 Loan Documents and Servicing

Section 1100.1025 Repayment Procedures

Section 1100.1030 Terms and Conditions of Loan Agreement

SUBPART K: FIRE STATION REVOLVING LOAN PROGRAM

Section 1100.1100 Definitions

Section 1100.1103 Severability

Section 1100.1105 Purpose

Section 1100.1110 Eligible Expenditures

Section 1100.1115 Loan Application Review

Section 1100.1117 Funding Criteria and Credit Review Process

Section 1100.1120 Loan Documents and Servicing

Section 1100.1125 Repayment Procedures

Section 1100.1130 Terms and Conditions of Loan Agreement

Section 1100.TABLE A Income Limits

AUTHORITY: Implementing and authorized by the Illinois Finance Authority Act [20 ILCS 3501].

SOURCE: Recodified from the Illinois Farm Development Authority (8 Ill. Adm. Code 1400), the Illinois Development Finance Authority (14 Ill. Adm. Code 1200, 1210, 1220), the Illinois Educational Facilities Authority (23 Ill. Adm. Code 2310, 2320), and the Illinois Rural Bond Bank (47 Ill. Adm. 400, 410, 420) to the Illinois Finance Authority at 31 Ill. Reg. 12104; amended at 34 Ill. Reg. 497, effective December 23, 2009; amended at 34 Ill. Reg. 3272, effective February 23, 2010; amended at 39 Ill. Reg. 4924, effective March 19, 2015; recodified at 44 Ill. Reg. 14378; amended at 49 Ill. Reg. 5271, effective April 3, 2025.